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Our Tax Technology Solutions

Cloud based technology designed to drive greater tax function effectiveness and efficiency

Legal Entity Management

A dynamic solution that manages vital company data, documents and organizational relationships.

State Apportionment

A powerful solution to streamline state and city apportionment data and calculations.

Income Tax Provision

A comprehensive income tax accounting solution designed for accuracy and simplicity.

Tax Technology BEYOND the Spreadsheet

Integrated Tax Lifecycle

The Tax Lifecycle is a continuous progression generally started with an enterprise’s annual income tax provision and continuing through the planning and forecasting phases. The process is tied to various regulatory deadlines and must be adhered to.

Tax Lifecycle PROVISION & FINANCIAL STATEMENT AUDIT EXTENSIONS ESTIMATED TAX PAYMENTS TAX COMPLIANCE TAX AUTHORITY AUDITS & DEFENSE AMENDED TAX RETURNS TAX PLANNING & REPORTING BUDGETING & FORECASTING

PROVISION & FINANCIAL STATEMENT AUDIT

At the close of every year and quarter, companies recognize income tax expense or benefit in accordance with FASB Accounting Standards Codification 740, Income Taxes (ASC 740). ASC 740 prescribes the methodology for the recognition, measurement and disclosure of income taxes.

EXTENSIONS

Due to the time constraints endured during the compressed tax accounting close, enterprises generally extend their tax compliance obligations to afford additional time to file income tax returns.

TAX COMPLIANCE

Companies prepare and file their annual income tax returns following a set of jurisdiction-based complex rules and regulations which are subject to ongoing change.

BUDGETING & FORECASTING

Due to the generally large cash outlays required during the tax year, tax obligations should be forecasted to ensure coordination with overall business operations.

TAX AUTHORITY AUDITS & DEFENSE

Tax returns are subject to the scrutiny of the various taxing jurisdictions in which a company operates or may be deemed operating.

TAX PLANNING & REPORTING

As one of the largest expenses on a company’s income statement, income tax planning is necessary to ensure obligations are met without sacrificing tax efficiency.

ESTIMATED TAX PAYMENTS

Companies need to comply with various federal, state, local and country specific rules and regulations to remit estimated tax payments periodically throughout the tax year.

AMENDED TAX RETURNS

Due to a multitude of factors, companies may be required to amend previously filed tax returns that may increase or decrease the amount of tax previously reported.

Latest News

AICPA board approves update to peer review standards

AICPA board approves update to peer review standards

The AICPA Peer Review Board approved changes that align with new quality management standards for firms’ accounting and auditing practices.

Final regs. modernize process for sale of taxpayers’ property

Final regs. modernize process for sale of taxpayers’ property

The regulations under Sec. 6335, which had not changed substantially since they were first issued in 1954, did not reflect modern electronic methods of submitting bids and accepting payment from bidders.

FASB sets new reporting standards for disclosure of expenses

FASB sets new reporting standards for disclosure of expenses

FASB published an Accounting Standards Update requiring public companies to disclose additional information about certain expenses in the notes to financial statements.

Inflation adjustments to retirement account limits issued for 2024

Inflation adjustments to retirement account limits issued for 2024

The IRS announced inflation-adjusted limits on benefits and contributions for various retirement accounts on Friday, including maximum contribution amounts for 401(k) plans and traditional and Roth IRAs.

Fraudsters get $47 million from practitioner priority service line scheme

Fraudsters get $47 million from practitioner priority service line scheme

The losses occurred over an eight-month period ending in April, according to a report from the Treasury Inspector General for Tax Administration.

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Trump wins: Republicans to preserve expiring tax cuts, experts predict

Trump wins: Republicans to preserve expiring tax cuts, experts predict

Local experts say the Tax Cuts and Jobs Act is due a revival after Donald Trump won the US presidential election

Portuguese investment income assessment rules on partial redemptions of unit-linked products

Portuguese investment income assessment rules on partial redemptions of unit-linked products

Joana Sequeira and Nadine Gomes of Vieira de Almeida & Associados explain recent developments in the Portuguese tax authorities’ stance on investment income assessment for partial redemptions of life insurance products

Australian police search PwC Sydney office amid tax leaks scandal

Australian police search PwC Sydney office amid tax leaks scandal

Police may be inside the Sydney office for ‘several days’, PwC Australia’s chief executive officer said

PwC UK unmasked as source of A$1.2 million Burrowes payment

PwC UK unmasked as source of A$1.2 million Burrowes payment

The source of additional remuneration received by PwC Australia CEO Kevin Burrowes had been the subject of much parliamentary scrutiny

This week in tax: Pillar two underpins 6.3% PwC tax revenue growth

This week in tax: Pillar two underpins 6.3% PwC tax revenue growth

But the firm said that ‘difficult market conditions’ led to a slowdown in Asia Pacific; in other news, OECD begins Thailand accession process

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This month in indirect tax: EU finalises ViDA proposal

This month in indirect tax: EU finalises ViDA proposal

Slovakia increases VAT rate, Chile goes big on VAT reform and more

The new special VAT scheme for EU SMEs: barrier or benefit?

The new special VAT scheme for EU SMEs: barrier or benefit?

With the modified regime coming into effect from January 1 2025, Fernando Matesanz of Spanish VAT Services explains the new provision for cross-border transaction exemptions and related compliance complexities for SMEs

Kingsley Napley enlisted for private school VAT legal challenge

Kingsley Napley enlisted for private school VAT legal challenge

The Independent Schools Council is bringing litigation against the UK government for what it calls an ‘unprecedented education tax’

‘Our clients will be disappointed’: Experts criticise UK chancellor’s Budget

‘Our clients will be disappointed’: Experts criticise UK chancellor’s Budget

The UK is ‘heading to Scandinavia’ as its tax burden increases and isn’t creating an attractive environment for a wave of investment, experts have told ITR

Deloitte – North and South Europe and Middle East regional indirect tax leader interview

Deloitte – North and South Europe and Middle East regional indirect tax leader interview

Henrik Karlsson, indirect tax leader – Nordics, Deloitte Sweden

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Australian TP provisions precede new thin capitalisation rules

Australian TP provisions precede new thin capitalisation rules

Thin capitalisation rules limit the amount of debt deductions that can be claimed but regard must also be given to other income tax law provisions, the ATO said

India retains TP tolerance ranges for 2024/25

India retains TP tolerance ranges for 2024/25

The move will provide certainty to taxpayers and reduce the risk associated with pricing transactions for TP, according to India’s Ministry of Finance

‘No reason to fiercely compete’: Aibidia on tax firm collabs

‘No reason to fiercely compete’: Aibidia on tax firm collabs

Pia Honkala, co-head of Aibidia’s operational TP product, tells ITR how her company works in harmony with advisers like the ‘big four’ to revolutionise clients’ processes

MAPs: Egyptian perspective on a key mechanism in resolving double taxation disputes

MAPs: Egyptian perspective on a key mechanism in resolving double taxation disputes

Nouran Ibrahim and Karim Adel of Saleh, Barsoum & Abdel Aziz – Grant Thornton Egypt say mutual agreement procedures will have a vital role to play as the country modernises its tax infrastructure

Opportunities and limitations of AI in transfer pricing

Opportunities and limitations of AI in transfer pricing

Dinko Dinev and Adam Wojewoda of Deloitte Luxembourg explore AI’s potential to enhance efficiency in transfer pricing but emphasise the irreplaceable value of human expertise in navigating complex regulatory landscapes

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